Trend: Google search volume for QE3 and the price of gold appear to be correlated, reflecting the view that central bank debt monetization stimulates the value of precious metals.

Lior Cohen at Trading Nrg searched in Google Trends for the term “QE3″ in the past couple of years for the shifts in the Google search volume around the world for the term QE3. The chart below shows the developments of the weekly search volume for the term “QE3″ between 2011 and 2012. It also shows progress of the price of gold throughout those years.